What is the maturity amount of LIC Komal Jeevan?
20% of 1,00,000 equal to Rs 20000, if the child turns 18 or 20 years. 30% of 1,00,000 equal to Rs 20000, if the child turns 22 or 24 years.
What is the benefits of Komal Jeevan LIC policy?
Komal Jeevan policy offered by LIC is a children’s money back plan which offers financial protection against the event of demise during the plan’s term and periodic payments in case the assured survives. The grandparent or the parent can purchase this LIC money back plan for a child, whose age is between 0 to 10 years.
What is policy term in Komal Jeevan?
LIC’s Komal Jeevan Plan is a children’s moneyback policy in which the premium is returned on the policy anniversary after the child attains 18 years, 20 years, 22 years and 24 years.
What is the surrender value of Komal Jeevan?
After the commencement of risk, the surrender value is 90% of the premiums paid before the commencement of risk and 30% of the premiums paid after the commencement of risk, excluding the premiums paid during the first year and any extra premium.
How can I know my LIC policy value?
Step 1: Go to the official LIC website, fill in your credentials like username and password. Step 2: Login to your account and select the option ‘View Enrolled Policies’. Step 3: You will be directed to a page where you can see all the listed enrolled policies.
How can I know my LIC balance?
Step 1: You must visit the e-Service Portal of LIC. The screen will show you two options namely, New User and Registered User. Click on the relevant option. Step 2: You will need to enter the LIC of India login credentials namely, your User Name and Password.
Can we close LIC policy after 5 years?
If 5 years have passed after you purchased your LIC policy, you are eligible for policy withdrawal. However, keep in mind that currently, the facility of surrendering LIC policy is not available online. So, it would be best if you surrendered the LIC policy through the service branch of LIC.
Can we withdraw LIC amount?
A policyholder can surrender his/her policy only after the completion of 3 years, i.e. the policy has to have been in force for a period of 3 years, at least. The surrender value provided by LIC is essentially 30% of the premiums that have been paid so far.